Tulane Avenue Office Building Set for Apartment Conversion; Commerce Street Warehouse to Make Way for Apartments
By Eliza Theiss, Associate Editor The 10-story office building on the corner of Tulane Avenue and South Rampart Street is set to be redeveloped into apartments at a cost of $15 million. According to plans and permits filed with the city of New Orleans, the historic office building known as the California Building will be [...]
By Eliza Theiss, Associate Editor
California Building
The 10-story office building on the corner of Tulane Avenue and South Rampart Street is set to be redeveloped into apartments at a cost of $15 million. According to plans and permits filed with the city of New Orleans, the historic office building known as the California Building will be converted into a 153-unit residential project featuring 139 apartment units and 14 penthouses. According to the building permit application, available through the city’s One Stop App, there will be a total of 155 residential units, of which 134 will be one-bedroom, 15 two-bedroom and six efficiency units.
The general contractor for the project is Metairie-based MALIN Construction Co., while New Orleans-based Kenneth Growland of Metro Studios is the architect. Paperwork identifies the owner as Craig Boes of 1111 Tulane Partners LLC.
The project will comprise apartments on floors two through 10, with parking located on the first, second and mezzanine levels. Retail will have space on the first floor. According to Canal Street Beat, the mixed-use project will comprise three retail units of 2,379, 3,476 and 1,713 square feet renting at $30 per square foot through Corporate Realty. Canal Street also reported that the structure was purchased in 2013 for $4 million.
In other news, developer Scott Begg and Metro Studio have partnered on a proposed six-story apartment project on Commerce Street. According to Canal Street Beat, the developing team seeks approval from the Historic District Landmark Commission to tear down a two-story warehouse and replace it with a 65-foot-tall structure. The new building would contain one level of parking and a five-story residential component with 10 two-bedroom units of almost 2,000 square feet in size. The property was purchased in 2012 for $535,000 by Scott Begg.
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Image via one Stop App NOLA
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